12347 Ballerstedt RD, Elgin TX 78621

The estimated value of this property is $293,147, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $240,000 and $250,000. In the current 78621 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1996, this home is 6 years older than the average comp, which is reflected in the adjustments. The 87.68 acre lot (larger than the 1.36 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78621, listed between $235,000 and $800,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 17920 Honey Locust LN, Elgin TX 78621, with an adjusted value of $244,383; a strong comparable. Based on 7 relevant data points in 78621, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX